INVENTORY MANAGEMENT PROBLEMS Mall-o-Cars Inc. sells several car brands and provides after-sales service for those car brands. Spare parts X7B are used to repair water pumps. Every year, 10,000units of X7B Spare Parts are used; Currently, these parts are purchased from suppliers outside the company. The number of units purchased per order is 1,000 units. The cost to place each order for Mall-o-Cars is $ 25 and a storage fee of $ 2 per part per year Requested: 1. What is the EOQ for X7B spare parts? 2. What is the number of orders per year for X7B spare parts that Mall-o-Cars will place with EOQ policy? 3. What is the total annual order cost of spare parts for X7B for a year under the EOQ policy? 4. What is the total annual storage cost of spare X7B for a year under EOQ policy? 5. What are the total costs regarding the annual inventory of X7B parts for a year under EOQ policy?